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Our Simple Family Budget Worksheet

Our Simple Family Budget Worksheet

What is a family budget?  When making this family budget worksheet it took me a while to figure out why a family budget is any different than our normal household budget.  The reason it’s confusing is because there are really two types of family budgeting.

The first is basically a list of income and expenses for the entire family.  It is similar to the free budget downloads we discuss on another post.  It lists all income and all expenses for a family, and you can fill it in each month, forecast it, and break down the costs in many different formats.  It is a must have way for any family.

The second type, which I focus on today, is a budget that is used to allocate and measure the spending for each family member.  This type of spreadsheet does not include all of your fixed expenses like housing and utilities.  Instead, it includes the expenses that are specific to each person in your household.  It is used to allocate your monthly budget across family members.  It can help you set clothing budgets and other spending habits for each individual, while keeping your overall budget under control.

We’ll discuss how to use and download the free budget template we provide below, but first you can check out this video about how we made and how you can use this for your family, to see if it’s what you’re looking for.

How to Use Our Family Budget Spreadsheet

Using this type of budget is pretty easy.  The template is set up so that you enter the monetary figures in the yellow cells.  And the blue cells can easily be changed to meet your family’s needs.  Start by downloading the worksheet with the link below.  Then, add the names of your family members to the top.  Next, edit the expenses you want to budget for on the left side of the sheet.

The hardest part about this is picking a monthly budget amount for your family.  In our example, we chose $500.  When you have this figure set, you’ll need to start allocating the amount to each expense for each family member.  Once you’ve done this, the totals will automatically be calculated for you.

When you have your budget finished, you should make a copy of the budget and fill in the actual amount that you spent (we show how to do this in the video above).  That way you can see how closely you are sticking to your budget and whether or not you need to make adjustments or additions.

Download Our Family Budget Template

Here is where you can download the spreadsheet that we used in the video above. After downloading and using it, please leave us a comment below.  We are always looking to improve these sheets.

To download, click on the button above and select “save as”. Then, download to your computer and open with any spreadsheet program.  If you need a free spreadseet program, visit Open Office or you can use Google Docs.

We hope you enjoy using our free budget download. Don’t forget to leave us a comment below.

{ 6 comments… add one }
  • sundcarrie May 24, 2012, 9:27 am

    I love this worksheet it will help me keep my spending in check and I can try to make my hubby keep track of his spending too. He probably won’t but I will make my best guess. I don’t have any kids so this should be simple.

  • Mandy May 24, 2012, 12:55 pm

    I too love this worksheet. I am hoping it will help me. I feel like I never know exactly where my money goes. In theory it seems like we should have enough for everything we need. However, it seems that I am always scrambling to make sure everything is done on time. Maybe having everything written out in front of me will help. I am sure that I waste a lot more money than I realize. I will probably be very upset with myself once I actually sit down to think about it.

  • Vaygah May 25, 2012, 9:31 am

    This worksheet is definitely needed! I already budget myself on everything in excel, you have to in this economy, and I find that I am able to see where I am losing money or gaining it. I gotta admit, it seems very tough trying to work a budget on each individual family member. It’s hard enough to keep my fiance on track when it comes to budgeting let alone children as well. However, I must conclude and say that this is a very simple and easy to use spreadsheet that all families should be utilizing.

    I am also pleased that there was a video outlining the use of the budget as well, people are more receptive when someone is explaining in real time how to use spreadsheets.

  • MelissaCassie May 27, 2012, 11:28 am

    My iPhone is my best friend when it comes to budgeting and boy has it helped! lol Ive apparently been living under a rock because I never actually even thought of using a spreadsheet for budgeting. It seems like a faster way of doing things. Ill definitely have to buy the software for my mac. TY!!

  • jentyree June 15, 2012, 4:54 pm

    Great worksheet. I use an accounting type app on my Google Chrome, but this would work too for those who don’t have it. Its a great way to start budgeting, and I know that some experienced accountants would still like to use a simple excel spreadsheet.
    I may even download the template to give it a try. I’m pregnant with my second, and I know things are about to get hairy – having to buy diapers and what not again lol.
    Thanks for taking the time to post this 🙂

  • jae98 September 27, 2012, 10:01 am

    I love these sheets. They really are a big help for dealing with the bills and saving. I use to belong to a program a few years that mad us do theses sheets monthly. This let me know where I could find ways to cut back on spending and put away more to save and keep up with bills.

    Sometimes, seeing everything written out in front of you is very beneficial. It will make you realize that you may be able to do things a little different with your finances if you can see what you are not doing in print.

    Excellent article for Family Budgeting.


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